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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Feb. 28, 2022
Feb. 28, 2021
Income Statement [Abstract]        
Interest income $ 285,206 $ 278,172 $ 851,626 $ 834,255
Interest expense (173,654) (173,040) (522,027) (527,438)
Net interest income 111,552 105,132 329,599 306,817
Benefit (provision) for credit losses 12,749 (33,023) 12,146 (34,987)
Net interest income after benefit (provision) for credit losses 124,301 72,109 341,745 271,830
Non-interest income:        
Fee and other income 4,270 3,819 13,042 13,667
Derivative gains 169,280 330,196 43,203 471,759
Investment securities gains (losses) (11,621) (2,807) (18,190) 491
Total non-interest income 161,929 331,208 38,055 485,917
Non-interest expense:        
Salaries and employee benefits (13,181) (14,259) (38,871) (41,403)
Other general and administrative expenses (9,898) (9,303) (31,513) (28,958)
Losses on early extinguishment of debt (578) 0 (696) (1,455)
Other non-interest expense (265) (301) (834) (956)
Total non-interest expense (23,922) (23,863) (71,914) (72,772)
Income before income taxes 262,308 379,454 307,886 684,975
Income tax provision (343) (507) (524) (920)
Net income 261,965 378,947 307,362 684,055
Less: Net income attributable to noncontrolling interests (888) (1,213) (1,081) (1,889)
Net income attributable to CFC $ 261,077 $ 377,734 $ 306,281 $ 682,166